It is been observed on the hourly chart, that the price action is holding on to a strong support zone indicating a strong buying at current levels that can up lift the price action in coming session.
It is providing a good risk to reward entrance at current levels too.
Target - 132. 50 (1:2)
Target 2: 135 (1:3)
Target 3: 137.50 (1:4)
It is been observed technically that the price action breaks above the consolidated triangle on monthly chart and indicating a big breakout and buyers are now in full control of price action. Now, it shall be trending up and from here on every dip is a buy or accumulate.
Currently, undervalued as the intrinsic value of the stock is higher than the...